Golar LNG (GLNG) in Focus: Stock Rises 5.6% in Session
Golar LNG Ltd. (GLNG) was a big mover last session, as the company saw its shares rise roughly 6% on the day. Shares moved up after the company announced that its Cameroon floating liquefied natural gas project has reached a major milestone, having received final approval from all parties of the Gas Convention for the project. This led to solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 26.6% in the past one-month time frame.
None of the estimates for this shipping stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Golar LNG has a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%.
However, a better-ranked stock in the same space is Diana Containerships Inc. (DCIX), sporting a Zacks Rank #1 (Strong Buy).
Is GLNG going up? Or down? Predict to see what others think: Up or Down
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GOLAR LNG LTD (GLNG): Free Stock Analysis Report
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